Lue Brooks
Better to call or leave a letter for tenants?
26 July 2019 | 5 replies
That's why you always see them tied up outside 90% of the time.
Steven Young
Where Should I Form my LLC?
27 July 2019 | 2 replies
I am partial toward Texas LLCs since they have strong laws reinforcing the LLC and no annual fees - and you can tie in that handy Land Trust to also remove your name from public records.
Justin Dominguez
Have: $600k equity; Want: 9 duplexes. Financing options??
26 July 2019 | 2 replies
Two of them are single family homes in one LLC, the other is a commercial building that is in its own LLC.I have around $20,000 in cash (I would have more but I just used $28,000 to purchase a 4th sfh rental).Local bank was willing to explore using existing rentals as collateral with no down payment- but all properties would be tied up into a single loan and the debt service (20 years, 6.25%, $1.5MM) would be way too high (despite a LTV of 55% when including my existing rentals in the group).Any advice on how to move forward?
Rachel Valliere
newbie from Bloomington, IN
10 May 2020 | 9 replies
I have no real idea of what I'm getting into, and I'm not super tied-down right now, so I want to make sure I have some options / exit strategy so I can handle whatever comes up next.
Nicholas P.
Newbie Needs Solid Advice
30 July 2019 | 20 replies
All our cash is tied up in our primary residence.
Marci Stein
Realtor got locked out ... who pays ?
26 July 2019 | 5 replies
When other agents show a property, they lock doors requested to leave unlocked, they leave windows open, they don't remove shoes when asked, leave lights on, etc.
Eric Telese
What loan product should I chose for this deal?!
27 July 2019 | 7 replies
I like the idea of this loan but I would need to leave most of my own money tied up in this deal until refinancing with someone else.
Joshua Anson
Selling my personal residence to my LLC.
26 July 2019 | 7 replies
The two additional benefits would be that the Land Trust would be easy to tie into any future estate planning you do and you could also add an additional layer of privacy by having your attorney sign as a "nominee trustee" and so your name would only be visible on a private document for the Land Trust protected by attorney-client privilege (so people can't just search you out without paying significant discovery fees.)This is just a brief explanation of this option, so if you want to know more be sure to just reply and I will swing back next time I am on BP.
Jacob Compton
Cash-flowing property but is it a good deal?
27 July 2019 | 19 replies
In Kansas, my understanding is that you have to have an electrician to tie anything into the breaker box, so you can't DIY much, if any, of this job.
Jose Garcia
Need a team how do I start off without experience ?!
26 July 2019 | 1 reply
From what I hear a property manager can be what ties everything up and does the most from any other party (lender, agent, or contractor) and will clear up a lot of confusion.